According to Grand View Research, the global AI infrastructure market was valued at $35.42 billion in 2023 and is projected to reach $223.45 billion by 2030, representing a compound annual growth rate (CAGR) of 30.4% from 2024 through 2030.
Those growth expectations also appear to be supported by what Goldman Sachs analysts are seeing on the ground.
“Hyperscaler AI infrastructure demand remains strong, with continued strengthening of data center pricing power,” the analysts wrote. “Meanwhile, widespread enterprise AI use and infrastructure demand remains nascent, but with increased optimism for future growth.”
The biggest name in AI infrastructure is undoubtedly Nvidia (NASDAQ:NVDA), while Micron (NASDAQ:MU) has become one of the sector’s rising stars. Nvidia supplies the GPUs and accelerated computing platforms that power AI training and inference, whereas Micron provides the high-bandwidth memory and storage technologies needed to feed those systems with data.
However, for Goldman Sachs analyst James Schneider, only one offers real value at current levels. So, let’s explore what the pair bring to the AI table and see which stock comes out on top.
